For me, I like seeing how they use the space and the overall vibe. Like, I loved seeing Kimberly Akimbo. Full house, small theater. Great energy. Not sure how I'd feel if it was in a different space. Or something like Circle in the Square, I'm always excited to see how they use the space and what changes were made.
Producers value things differently. You want a big orchestra level and no balcony, ideally. That's why the Rogers is such a terrific theater. Good location, cool vibe, and great layout.
Although, that said, you'd think the Marquis would be valuable. Good size orchestra section, modern stage, big mezz. Great location in a prime area. But yet it seems to be the one no one wants. Again, I think this just has to do with the vibe. Like, imagine how great Follies would have been at the Majestic. And how grand it all would have felt.